Chandni Machines reported a 48.7% decline in net profit to ₹73.12 lakh for the financial year ended March 31, 2026, down from ₹142.71 lakh in the previous year. Revenue from operations fell significantly to ₹2,597.46 lakh compared to ₹20,098.62 lakh in FY25, impacted by a negative other income of ₹278.30 lakh during the year. The board approved the audited financial results for the year and quarter ended March 31, 2026, at its meeting held on June 18, 2026.

The company’s statutory auditors, M/s. Ambavat Jain & Associates LLP, issued an unmodified opinion on the standalone annual financial results. For the quarter ended March 31, 2026, the company reported a net loss of ₹115.18 lakh, contrasting with a profit of ₹15.48 lakh in the same quarter of the previous year. The decline in quarterly performance was attributed to a negative other income of ₹63.35 lakh due to a change in the fair value of fair value through profit or loss (FVTPL) investments.

Financial Performance

The total income for FY26 stood at ₹2,875.76 lakh, a sharp decrease from ₹20,280.77 lakh in the prior year. Total expenses for the year were ₹2,752.30 lakh, lower than the ₹20,073.32 lakh recorded in FY25. The basic earnings per share (EPS) for the year decreased to ₹1.89 from ₹4.42 in the previous year.

Capital Allocation and Cash Flow

During the year, the company raised ₹20,00,72,250 through a preferential allotment of equity shares and ₹21,00,00,000 through convertible warrants. As of March 31, 2026, the company had utilized ₹11.42 crore of the proceeds. The paid-up equity share capital increased to ₹703.83 lakh from ₹322.74 lakh in the previous year.

Cash and cash equivalents decreased to ₹21.70 lakh as of March 31, 2026, from ₹341.04 lakh a year earlier. The net cash generated from operating activities was negative at ₹1,935.66 lakh, while financing activities provided a net inflow of ₹2,784.07 lakh, primarily driven by proceeds from the preferential issue.

Strategic Expansion

The board approved the alteration of the Object Clause of the Memorandum of Association (MOA) to expand business operations. The new objects include manufacturing aluminium, zinc, and metal ingots, establishing manufacturing facilities in Gujarat, and entering the marine and shipbuilding sector. The company plans to undertake repair, maintenance, and engineering services for ships and vessels, as well as naval and defence shipbuilding activities.

An Extra-Ordinary General Meeting (EGM) is scheduled for July 23, 2026, via video conference to seek shareholder approval for the alteration of the MOA.

Chandni Machines Limited will not submit its audited financial results for the year ended March 31, 2026, within the timeline stipulated by Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delay is attributed to the books of accounts being under finalization, which prevented the completion of the financial results on time. The company is taking necessary steps to submit the results at the earliest possible date.

In a letter to The BSE Limited dated May 30, 2026, the company stated that the results could not be completed in time. The trading window for dealing in the equity shares of the company has been closed since April 01, 2026, and will remain closed until 48 hours after the declaration of the audited financial results. This measure is in accordance with the company's Policy for Prevention of Insider Trading, formulated under the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The company affirmed its commitment to maintaining corporate governance and regulatory compliance standards. It assured stakeholders that the financial results would be submitted immediately upon the completion of pending processes. The intimation was signed by Jayesh R. Mehta, Managing Director of Chandni Machines .